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Saudi Arabia’s Ministry of Investment has signed a Memorandum of Understanding (MoU) with US retail giant Amazon to develop the kingdom’s e-commerce sector, Zawya reports. The deal is in line with the Gulf country’s efforts to build local capabilities and Read more
The Egyptian government has branded rubbish reports it is in talks with the International Monetary Fund (IMF) for an assistance package. Planning minister Hala El-Said told Reuters the Arab country is not seeking a loan from the Washington-based institution, Arab Read more
The Egyptian Ministry of Trade and Industry has banned the exportation of a number of commodities including wheat, flour pasta, for three months. Trade minister Nevine Gamea in a statement said the decision targets cooking oils, freekeh, corn, fava beans, Read more
UAE’s First Abu Dhabi Bank (FAB) will open a representative office in Iraq as the largest lender of the Gulf country rolls out its expansion plan. “FAB will be expanding its regional footprint with the opening of a representative office Read more
The true nature of the so-called Sahraoui defender of human rights Sultana Khaya has been unveiled and her lies and allegations have been laid bare by the Special Rapporteur on the situation of human rights defenders, Mary Lawlor. Actually, the Read more
Kuwait’s ruler Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah appointed Wednesday new Defense and Interior ministers to replace their predecessors who resigned last month. Emir Sheikh Nawaf charged retired General Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah as first deputy prime minister and interior Read more
The Egyptian Electricity Transmission Co., EETC, will sign a purchase deal with Saudi Arabia’s ACWA Power for wind energy of 1,100 megawatts, Zawya reports. EETC, the media notes citing sources, the project would cost over $1.2 billion and would be Read more
Baladna QPSC, Qatar’s largest locally-owned food and dairy producer, has acquired 5 per cent in Egypt’s Juhayna Food Industries in return for a total investment of $18.4 million. The company in a statement to the Qatar Stock Exchange (QSE), Zawya Read more
Tunisia’s military court has condemned Issam Barkouk; a lawmaker in the country’s suspended parliament, to 10 months in prison with immediate effect, for “attacking the dignity of the army and President Kais Saied’’. The ruling, in absentia, comes almost two Read more
Local prices of wheat has increased by EGP 1,000 ($63) in the six days following the Russia-Ukraine war, reports say. Egypt is the world largest wheat importer and consumer with 11 million tons imported. The Arab country locally produces 9 Read more